Reuters - Activist investor Olivant has raised its stake in Swiss bank UBS to 2.5 percent and said on Wednesday it had fully supported the recent rights issue.

Reuters - A forward-looking measure of U.S. non-residential construction activity weakened last month but remains above a record low reached in March, an architects' trade group said on Wednesday.

Reuters - Microsoft Corp said on Wednesday it had purchased privately held digital television advertising technology company Navic Networks.

Reuters - Movie studio DreamWorks SKG is close to a deal with India's Reliance ADA Group to form a new movie venture, the Wall Street Journal reported on Tuesday, citing people familiar with the talks.

Reuters - Office goods supplier Staples has won approval from the European Commission for its 1.7 billion euro ($2.64 billion) takeover bid for Dutch peer Corporate Express .

Reuters - Consumer electronics retailer Best Buy Co posted a 7 percent drop in first-quarter profit on Tuesday, but results were better than expected as the company gained market share in televisions, computers and video gaming.

AFP - Danish brewer Carlsberg, which together with Heineken acquired rival Scottish and Newcastle earlier this year, said Tuesday it had launched a savings plan at a cost of one billion kroner (134 million euros, 208 million dollars).

Reuters - U.S. technology stocks rose on Monday for the third straight session, fueled by optimism about sales for Research in Motion's BlackBerry and Apple's new iPhone.

Reuters - World crude oil production has topped out at 85 million barrels per day even as demand keeps climbing, helping to drive a stunning surge in prices, billionaire oil investor T. Boone Pickens said on Tuesday.

Reuters - Missouri Sen. Claire McCaskill said on Tuesday she would do everything possible to "stop the sale" of St. Louis-based Anheuser-Busch Cos Inc to rival brewer InBev NV .

Reuters - Soaring energy costs pushed U.S. producer prices up sharply last month and housing starts fell to 17-year low, according to data on Tuesday that spotlighted the Federal Reserve's dilemma of tackling weak growth amid high inflation.

Reuters - Goldman Sachs Group Inc said on Tuesday quarterly earnings fell 11 percent as market turmoil hit trading and slowed investment banking, yet the firm again exceeded expectations by avoiding major losses on assets slammed by the credit crisis.

Reuters - Stocks fell on Tuesday as Goldman Sachs warned that banks may need to raise an additional $65 billion, stoking worries about further fallout from the mortgage crisis.

AFP - The FTSE 100 made gains in late Monday morning trade as the price of oil fell amid talk Saudi Arabia will raise output.

Reuters - The European Commission, a thorn in Microsoft's side for its antitrust campaigns against the software giant, is falling short in its own internal attempt to promote more competition in the technology sector.